CEMATRIX Corporation Announces Record 2015 First Quarter Sales

Calgary, Alberta – May 28, 2015: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) announces the release of its consolidated financial results for the quarter ended March 31, 2015.

First Quarter Highlights

CEMATRIX achieved record first quarter sales of $2,819,022, up from $260,960 for the same period last year. The first quarter is normally considered the offseason for the Company. Sales in the first quarter of 2015 benefitted from winter infrastructure projects carried over from 2014 and the start of a major project in the oil and gas sector in Western Canada, which had also originally been slated to commence in the fall of 2014.

  • The increase in sales resulted in a positive gross margin on sales of $638,712 or 23% in the first quarter of 2015 as compared to a negative gross margin of $234,928 for the same period of 2014. The gross margin percentage in the first quarter of 2014 was negatively affected by winter construction costs, client changes to planned production plans and schedules and lower introductory pricing on certain projects. These conditions are not forecast to continue through the remainder of 2015.
  • The Company’s total contracted work for 2015 and 2016 has increased to $11.1 million, up from $9.9 million reported in March, $1.0 million of which relates to 2016. This compares to a total of $4.3 million at the same time last year.
  • The Company, through a wholly owned subsidiary, Cematrix (Canada) Inc., put in place a working capital financing arrangement with Tallinn Capital Corp for up to $2,000,000 (“Tallinn Financing”), a portion of which was used to repay a credit line with a Canadian chartered bank.

First Quarter Results

Selected financial information for the quarters ended March 31, 2015 and 2014 is as follows:

The outlook for 2015 remains positive – the Tallinn Financing will provide the necessary funding to finance sales growth; two new production units will be commissioned in the next month which will increase the annual production capacity by up to 60%; and management is still forecasting continued growth in Canadian infrastructure sales, growth in U.S. infrastructure sales and significant sales in the oil and gas sector on projects that are already underway.

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the quarter ended March 31, 2015, both of which can be found on SEDAR.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker/Brad Dryer – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com/brad@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated August 6, 2014 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities

CEMATRIX Pouring Record Revenues

CEMATRIX announced a record first quarter today with sales over $2.8 million, nearly 11x over last year’s Q1 sales. The increase in sales left a positive gross margin of $638,712 or 23%.

The company also mentioned its total contracted work for 2015 is now $10.1 million to be poured this year, whereas this time last year CEMATRIX had just $4.3 million under contract and still ended 2014 with sales of over $8.7 million.

The busy construction season is approaching, bringing many new potential jobs to the company. With existing contracts alone, CEMATRIX will do better than in all of 2014. Currently there is $73 million worth of potential work for CEMATRIX in 2015 and, historically, the company’s success rate on project bids has been between 20% – 26%.

To view news release, please click here.

CEMATRIX Corporation Obtains New Working Capital Financing Arrangement

Calgary, Alberta – May 25, 2015: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or “CEMATRIX”) announces that its wholly owned subsidiary, CEMATRIX (Canada) Inc. (“CEMATRIX Canada”) has entered into a new financing agreement with Tallinn Capital Mezzanine Limited Partnership through its general partner Tallinn Capital Partners Corp. (“Tallinn Capital”) for up to $2,000,000 of working capital financing to replace its current $1,000,000 operating line of credit (the “Line of Credit”) through the Royal Bank of Canada (the “Bank”).

The Corporation chose to work with Tallin Capital as it was able to provide the necessary level of working capital financing required to support management’s forecasts and CEMATRIX Canada’s anticipated operations for the year. It is management’s intention that the Bank will continue to supply day to day banking services to the Corporation.

The agreement with Tallinn Capital consists of a mezzanine loan of $750,000 (the “Mezzanine Loan”) and a receivable purchasing agreement for the sale of up to $1,250,000 of trade receivables (the “Receivable Purchase Agreement”) (collectively, the “Tallinn Facilities”). The proceeds from the Mezzanine Loan will be used to repay the Line of Credit and to provide working capital to finance CEMATRIX Canada’s operations. The Mezzanine Loan bears interest at a rate of 16.5% per annum, payable monthly and maturing on April 30, 2016. The Receivable Purchasing Agreement is available on the sale of specific trade receivables up to an amount of $1,250,000 and will be used for working capital financing. For qualifying sales invoices which are purchased under the Receivable Purchase Agreement, CEMATRIX Canada will pay a discount rate of 2.25% for the first 30 days that the sales invoice is outstanding, with a further daily discount rate of 0.075% after 30 days until the sales invoice is collected.

The Tallinn Facilities are secured by corporate guarantees from the Corporation and CEMATRIX (USA) Inc. (“CEMATRIX USA”) and general security agreements providing a floating first charge over all present and after acquired personal property of the Corporation, CEMATRIX CANADA and CEMTRIX USA.

“The new financing arrangement with Tallinn Capital will provide the necessary funding to finance our projected sales growth for 2015, and more if necessary” stated CEO and President Jeff Kendrick. “We consider this a short term solution, as we look to put in place a new credit facility with a senior lender before the end of the fiscal year. Furthermore, CEMATRIX Canada is nearing completion of two new cellular concrete production units to meet the expected sales growth from an operational perspective. These new production units are expected to increase CEMATRIX Canada’s production capacity by up to 60% and will improve its capability of working on multiple large scale projects simultaneously. We are pleased with our new financing arrangement and increased capacity and are focused on delivering results, as we approach the busy construction season.”

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiaries, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker/Brad Dryer, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915

jeff@howardgroupinc.com/brad@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated March 25, 2015 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Poised for Growth – CEMATRIX Approaches Busy Construction Season

As the busy summer construction season approaches, CEMATRIX has taken two important steps to ensure that it is prepared for its increase in forecasted revenue growth. This morning, the company announced that it has signed a $2 million financing agreement to provide necessary working capital to fund this year’s augmentation. President and CEO Jeff Kendrick also indicated that its two new production units are nearly ready to go into service, which will increase production capacity by 60% and allow the company to work on multiple large scale projects simultaneously.

The new financing agreement with Tallin Capital will replace the existing $1 million operating line currently with Royal Bank of Canada. The new agreement consists of a $750,000 mezzanine loan and a receivables purchase agreement for up to $1.25 million. Mr. Kendrick concluded the news release by stating “We are pleased with our new financing agreement and increased capacity and are focused on delivering results, as we approach the busy construction season.”

Approaching the busy season, CEMATRIX has already secured contracts for roughly 60% of its forecasted $15 million of revenue for 2015. At last report, the company indicated that it was working on more than $100 million in potential projects, $73 million of which relates to 2015. Historically, the company’s success rate on project bids has been between 20% and 26%, but this success rate continues to increase.

To view news release, please click here.

“Long Term Contracts Are Paying Off” – FLYHT CFO Nola Heale

This morning FLYHT announced a record $2.6 million revenue first quarter and finished a slim $60,000 from breakeven. The tone of the call was upbeat as management elaborated on the quarter’s positive results, and recognized the extra effort the executive and staff have been putting in over the past few months. In his opening remarks, Bill Tempany, CEO of FLYHT thanked participants for calling in, reminded everyone of the upcoming Annual Meeting on June 2nd, and  alluded to another well known industry figure who would soon be joining the board. In the information circular released this week, Mr. Mark Rosenker, past chairman of the National Transportation Safety Board (NTSB), is listed on the roster of directors up for election. Click here to view the information circular from sedar.com.

The key to FLYHT’s success this quarter was a substantial increase in parts and service revenue which reached $840,362, surpassing all of 2014’s parts sales of $718,567 and nearly doubling Q4/14 parts and sales revenue of $455,296. The first quarter of 2015 also saw AFIRS sales increase to 15 units compared to 8 over the same quarter last year. Recurring revenue reached $963,560, up $42,000 over the previous quarter. During the call, someone questioned whether there was a relationship between L-3 and the parts numbers. Bill Tempany reiterated that the relationship was strong.

FLY_150513_chart

Following a review of the financial results Matt Bradley, President of FLYHT, elaborated on a number of the ongoing sales activities and introduced the newest addition to the sales team Mr. James (Jim) Ballingall, whom he described as a heavy hitter who comes with a successful 20+ year history in aviation sales. To view his LinkedIn profile, please click here.

The following are some highlights from the conference call:

China – Early on in his address to investors, Mr. Bradley commented on the ongoing activities in China.

  • There are 22 opportunities in the pipeline in China and sales staff are meeting with airlines on a daily basis.
  • FLYHT is committed to doubling its sales presence in China and Southeast Asia. The company is in the process of opening a Beijing office and will likely open an office somewhere in Southeast Asia by the end of the year.
  • The planned service centre in China is between 75% and 90% complete.
  • The ARJ program is experiencing production delays and as a result there are delays in shipping AFIRS units.
  • Two Chinese operators have asked for data services, one of which wants full service.
  • FLYHT staff have been working to alleviate the airline’s concerns around Iridium’s future in China, as there is a slight overlap of frequencies with another Chinese satellite constellation (AFIRS does not operate on the overlapped frequency). This roadblock is expected to be fixed in the next few months.

Insurance Premiums – In response to a question about the “significantly reduced insurance premiums” expressed in FLYHT’s new video on its website’s homepage. Mr. Bradley noted that one of FLYHT’s customers has received an 8% discount it its insurance premium as a result of having AFIRS installed aboard its aircraft. e stated this discount “equated to what it would cost to install AFIRS and all of the services for five years.” The sales team will continue to use this reduction in insurance premiums as further evidence of the return on investment in AFIRS equipment and solutions though it is not a blanket option for all operators or underwriters.

Tracking Mandates – In his comments about the tracking mandates, Mr. Bradley acknowledged that FLYHT is at the table as a part of ongoing discussions around flight tracking.  He specifically pointed out that the company is pursuing tracking because it is an important way to increase the install base. He also stated that AFIRS is in a sweet spot for being able to solve the tracking issues as well as providing a return on investment for customers.

Sierra Nevada Corporation (SNC) – As indicated during the call, management is very pleased with FLYHT’s relationships with its partners. SNC has dedicated sales staff that are excited about the AFIRS product and who have attended a number of conferences promoting the AFIRS solution. The recent AFIRS video was co-produced by FLYHT and SNC. For those of you who may not remember, SNC provides solutions for military and paramilitary aircraft in the United States. The company also has strong ties in Turkey.

Application Development – Throughout the call, the FLYHT team discussed application development and enhancements for the AFIRS product. Mr. Bradley commented that the development team has been working evenings and weekends to develop new revamped application logic and that they have received positive feedback from customers on the new interfaces and capabilities.

Cash Position – During the first quarter of 2015, FLYHT’s cash position decreased to $2.5 million in the quarter, down $1.4 million from Q4/14. In response to an email question about this decrease in cash, Mr. Tempany commented that $1.1 million of this decrease can be explained by a $785,783 increase in receivables and a $329,471 decrease in payables both over the year end results.

Recurring Revenue From Sales Through Partners – When asked about the service revenue from units installed by third parties like L-3 or SNC, Mr. Tempany explained that besides FLYHT, there are two other ACARS over Iridium providers that can provide basic data services and it is up to FLYHT to go out and sell its additional features and advanced services once the AFIRS units are installed.

Parts Sales from Partners – While the increase in parts sales has not been definitively attributed to any specific item, management has indicated that the parts sales include the sale of spare parts to current customers, the sale of installation kits, and the sale of AFIRS units to industry partners, which include Sierra Nevada Corporation and royalty income.

(Click here for the Sierra Nevada Corporation News Release) and L-3 Aviation Recorders (Click here for the L-3 Aviation Recorders News Release).

Click here to read the transcript of today’s conference call.

Click here to listen to an archived copy of today’s conference call.

FLYHT Reports First Quarter Results

Sets Record for Highest Quarterly Revenue

Calgary, Alberta – May 12, 2015 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) a leading provider of real-time data communications technology for the aviation industry today reported financial results for its first quarter ended March 31, 2015.

“Revenue for the quarter was the highest on record at $2.57 million, along with a very small loss,” stated Bill Tempany, Chief Executive Officer of FLYHT. “We are very pleased the contracts signed and relationships developed in the past few years are now starting to deliver returns.”

First Quarter Results Include:

  • Revenue of $2,569,908 which represents FLYHT’s best quarter ever.
  • Net loss for the quarter at $60,414, compared to a loss of $1,273,101 in Q1 2014.
  • Modified Working Capital at the end of Q1 2015 of $5,093,967 compared to $5,283,775 at December 31, 2014.
  • Customer deposits of $851,703, a 34.7% decrease over the first quarter of 2014; payments received of $475,698 a decrease of 63.8% compared to the same quarter of 2014.
  • Unearned revenue decreased to $1,346,427 or 1.4% from the first quarter of 2014; revenue recognized has exceeded AFIRS units shipped not accepted as it included units shipped prior to December 31, 2014.
  • Recurring revenue (Voice and data services) of $963,560, an increase of 4.6% over the first quarter of 2014, and Parts sales of $840,362 in the quarter.
  • Administration expenses decreased to $551,471 or 16.9% versus the first quarter of 2014.
  • Net finance gain was $60,108 compared to a loss of $303,678 in the first quarter of 2014, due to increased foreign exchange gains.

For detailed information FLYHT’s 2015 First Quarter Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at http://www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at www.sedar.com.

FLYHT will host a live conference call to discuss First Quarter results on Wednesday, May 13 at 9 am MDT (11 am EDT, 8 am PDT). To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing *1. Also questions can be forwarded in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website http://flyht.com/investors/videos/ as soon as it is available.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS UpTime, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FLYHT Signs AFIRS Contract with African Airline

Calgary, Alberta – May 8, 2015 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) reported today that it has signed a contract for the Automated Flight Information Reporting System (AFIRSTM) 228 on a fleet of four A320 aircraft.

The African-based airline is keen to use FLYHT’s suite of tools including automated Out, Off, On and In times, FLYHT’s new web-based flight following Aircraft Situational Display (“ASD”), engine and airframe exceedance reports, real-time flight data monitoring, quick access recorder flight data, global voice communications enabled by the Iridium satellite network and added AFIRS features on demand.

“We continue to receive interest from African Airlines,” stated Bill Tempany, CEO of FLYHT. “Our sales director just returned from the African Airlines Association conference where there is a continued drive to improve safety and operational efficiency. AFIRS is the solution to meet their needs.”

FLYHT will provide equipment and services to the airline over a five-year contract with automatic yearly renewals after the initial term. FLYHT already has the required supplemental type certificates (“STCs”) to install on the A320 aircraft. Installations are anticipated to begin mid-June 2015.

If FLYHT completes installation on all four contracted aircraft and provides recurring revenue services for the full term of the agreement, gross revenue to FLYHT will be approximately $710,000 USD, excluding optional services.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

FLYHT Aerospace Solutions Ltd. Schedules First Quarter Conference Call

CALGARY, ALBERTA–(May 5, 2015) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) (OTCQX:FLYLF) (the “Company” or “FLYHT”) has scheduled a live conference call to discuss its first quarter results to be held Wednesday, May 13, 2015 at 9 am MDT (11 am EDT, 8 am PDT).

The conference call will include a brief presentation about FLYHT’s first quarter results and then a question and answer period with management.

To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing *1. Also, you can email questions in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider. http://flyht.com/investors/videos/

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.